
Martin Lewis: How to find money-saving home appliances
Martin Lewis discusses the home appliances that could save you money.
Speaking on his ѿý Sounds podcast, Martin reveals the equation you should be using to decide which home appliances will save you the most money.
5 Live listener Rob has been noticing that his apartment has become damp since trying to dry his washing inside his home.
He asked: “If I was to buy a dehumidifier, would it be cheaper than using the heating to keep the place dry?”
You asked, so Martin answered.
“Dehumidifiers take water out of the air rather than use the heating and they’re much lower wattage appliances than standard heating.
“So if the dehumidifier works for you, it will definitely have lower electricity bills,” he says.
Martins explains his equation for working out what home appliance can save you the most money,
1. “First of all find the wattage of an item.”
2. “Remember 1000 watts is a kilowatt (which is how electricity tends to be priced)
so find out what fraction of a kilowatt it’s using.”
3. “You pay roughly 34p per kilowatt per hour on average, so times that by 34p per hour of use.”
To hear more money saving tips listen to the Martin Lewis Podcast on ѿý Sounds.
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